Leased Office
191 Town Center Blvd Jarrell, TX 76537
191 Town Center Blvd, Jarrell, TX, 76537
$950,000
For Sale
$950,000
Office building leased to the City of Jarrell Police Department through November 2027 with extension options.
Property Size2,000 SF
Price / SF$475
Days on Market30
Property Features for 191 Town Center Blvd
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2018
Listing agency
(512) 639-4652
Listed by
Ashby Real Estate
(512) 639-4652
Source
Xome
Added: Jun 22 Updated: Jul 20 at 6:51PM Checked: Jul 21 at 3:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ashby Real Estate
Investment Insights
Based on property information with market context.
This leased office building is currently occupied by the City of Jarrell for its Police Department. The lease is in place through November 2027 and includes options for 5-year extensions. The property size is approximately 2,000 square feet.
Located at 191 Town Center Blvd in Jarrell, Texas, the offering also provides an opportunity to expand the building footprint and add to the parking lot, subject to applicable approvals.
For investors or owner-users seeking a stabilized lease with extension options, the space provides a straightforward office configuration supporting an active municipal use.
Located at 191 Town Center Blvd in Jarrell, Texas, the offering also provides an opportunity to expand the building footprint and add to the parking lot, subject to applicable approvals.
For investors or owner-users seeking a stabilized lease with extension options, the space provides a straightforward office configuration supporting an active municipal use.
Key Highlights
- Office building leased to the City of Jarrell Police Department through November 2027, with options for 5‑year extensions
- Year built: 2018
- Central air conditioning
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.0k | $42.00 |
| − Vacancy | −$20.4k | −$10.21 |
| EGI | $63.6k | $31.79 |
| − OpEx | −$15.9k | −$7.95 |
| NOI | $47.7k | $23.85 |
2,000 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$681.3K
$596.1K – $794.9K
NOI $47,691 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$836.1K
$731.6K – $975.4K
NOI $58,524 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Office building leased to the City of Jarrell Police Department through November 2027 with extension options.
Where is this office building located?
The property is located at 191 Town Center Blvd Jarrell, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Office building leased to the City of Jarrell Police Department through November 2027, with options for 5‑year extensions; Year built: 2018; Central air conditioning
